Tech Holds Steady, Dow Eyes 10th Straight Session Of Gains: Friday's Market Drivers
Portfolio Pulse from Shanthi Rexaline
Stock futures suggest a positive start to the week's final trading session, reflecting optimism for positive earnings reports from AI-levered big techs. However, caution is expected due to the upcoming Fed meeting and its commentary on the rate outlook. The tech slump on Thursday, driven by negative reactions to earnings from Tesla, Taiwan Semiconductor Manufacturing Company, and Netflix, dragged the Nasdaq Composite Index lower. The Dow Industrials continued to push higher, closing at nearly an 18-month high. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla rebounded from Thursday's slide, while Xirius SM Holdings fell after its rally on Thursday.

July 21, 2023 | 11:19 am
News sentiment analysis
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NEGATIVE IMPACT
Negative reactions to earnings from Netflix contributed to the tech slump on Thursday.
Negative reactions to earnings from Netflix contributed to the tech slump on Thursday, which could negatively impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Negative reactions to earnings from Taiwan Semiconductor Manufacturing Company contributed to the tech slump on Thursday.
Negative reactions to earnings from Taiwan Semiconductor Manufacturing Company contributed to the tech slump on Thursday, which could negatively impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
In premarket trading, the Invesco QQQ ETF gained.
The Invesco QQQ ETF gained in premarket trading, indicating a potential positive start to the trading session. This could be a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
In premarket trading, the SPDR S&P 500 ETF Trust gained.
The SPDR S&P 500 ETF Trust gained in premarket trading, indicating a potential positive start to the trading session. This could be a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's stock rebounded in premarket trading after a nearly 10% slide on Thursday.
Tesla's stock rebounded in premarket trading, indicating a potential recovery from the previous day's losses. This could be a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80